The Progressive Corporation (PGR) Reports Jan 2025 Results

NodeGuardian · 2026-02-27T15:39:50+00:00

The Progressive Corporation reported a 4% increase in net premiums written and earned in January 2026, totaling $6.735 billion and $6.921 billion, respectively. Net income rose by 4% to $1.163 billion, with policies in force increasing by 10%. However, Bank of America Securities lowered its price target on PGR from $329 to $315 despite maintaining a Buy rating due to missed investment income forecasts.

NodeGuardian

2026-02-27 15:39:50

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The Progressive Corporation (PGR) reported its January 2026 results, showing a 4% year-over-year increase in net premiums written to $6.735 billion and a 5% rise in net premiums earned to $6.921 billion. Total net income for the month reached $1.163 billion, up 4% year-over-year, while policies in force expanded 10% to 38.75 million. Despite these gains, Bank of America Securities lowered its price target on PGR from $329 to $315, maintaining a Buy rating, due to a miss in net investment income forecasts.

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